economic legislation through the senate. the inflation redaction act represents what would be the largest investment in energy and climate programs in u.s. history. it would extend health care subsidies and give medicare the power to negotiate prescription drug prices. senator schumer says it will close tax loopholes and reduce the deficit by $300 billion. cnn s sunlen serfaty is on capitol hill with the latest on the deal. reporter: good morning. this is certainly a big breakthrough on capitol hill and democrats and the white house certainly breathing a huge sigh of relief this morning. senator sinema coming out and announcing that she is on board, that she s going to move forward with this bill, meaning that democrats very likely have the votes to get this passed through on capitol hill, and this is a major piece of the biden administration with major investments in climate, energy and health care, as well as tax reform. it was on that issue of tax reform where senator
economic legislation through the senate. the inflation redaction act represents what would be the largest investment in energy and climate programs in u.s. history. it would extend health care subsidies and give medicare the power to negotiate prescription drug prices. senator schumer says it will close tax loopholes and reduce the deficit by $300 billion. cnn s sunlen serfaty is on capitol hill with the latest on the deal. reporter: good morning. this is certainly a big breakthrough on capitol hill and democrats and the white house certainly breathing a huge sigh of relief this morning. senator sinema coming out and announcing that she is on board, that she s going to move forward with this bill, meaning that democrats very likely have the votes to get this passed through on capitol hill, and this is a major piece of the biden administration with major investments in climate, energy and health care, as well as tax reform. it was on that issue of tax reform where senator sinema exp